Buy Max Financial Services, target price Rs 930: Emkay Global

Buy Max Financial Services, target price Rs 930: Emkay Global
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Synopsis

Max Financial Services Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 22941.50 Crore) operating in Financial Services sector.

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Promoters held 14.72 per cent stake in the company as of 30-Sep-2022, while FIIs owned 45.62 per cent, DIIs 31.71 per cent.
Emkay Global has buy call on with a target price of Rs 930. The current market price of Max Financial Services is Rs 666.15.

., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 22941.50 Crore) operating in Financial Services sector.

Max Financial Services Ltd. key Products/Revenue Segments include Income From Dividend, Income From Sale Of Share & Securities, Sale of services, Rental Income and Interest for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 9322.59 Crore, up 184.58 % from last quarter Total Income of Rs 3275.89 Crore and down -.05 % from last year same quarter Total Income of Rs 9327.37 Crore. Company reported net profit after tax of Rs 61.61 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 14.72 per cent stake in the company as of 30-Sep-2022, while FIIs owned 45.62 per cent, DIIs 31.71 per cent.
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